VW abandons 'In China, For China' strategy amid market downturn
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BYD's Yangwang sub-brand unveils the Altior, a luxury limousine designed to compete directly with Rolls-Royce and Maybach, featuring bespoke craftsmanship details like temple-inspired parasol handles and Suzhou silk upholstery. The move signals BYD's push upmarket, challenging established Western luxury automakers in the high-end segment. Market impact is uncertain but could pressure incumbent luxury brands if the Altior gains traction.
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